Where's all the "prices are down" and "hobby is tanking" threads?

[solt0131]

Here we are a month away from the season and I am not seeing as many doom and gloom posts about basketball cards. 10 seconds after the Finals were over, we heard about LeBron values are going down, Luka was way overpriced and this is the end of high basketball values as we know it. This past summer was a once in a lifetime chance to sell.....

Not seeing those posts as much anymore now. I actually feel more hype going into this season than last season because now every team will be playing. In my estimation, we could see values go higher on hyped up players more so than we did over the summer.

With this "dark winter" ahead of us this hobby is going to be all about one thing: basketball cards.

[GeechQuest]

It’s still trending down as a whole from where it was during the summer run. Who knows what happens? It’s unlikely we have the same set of circumstances again, so it’s hard to see how the spike could be replicated.




It is telling that as CardLadder tracks the “total sales” in the hobby (on eBay) the daily sales are going down. You’d think it would be the opposite, even if prices remained the same across the board, if the hobby was still booming.

[ClipsandVols]

Originally Posted by GeechQuest

It’s still trending down as a whole from where it was during the summer run. Who knows what happens? It’s unlikely we have the same set of circumstances again, so it’s hard to see how the spike could be replicated.




It is telling that as CardLadder tracks the “total sales” in the hobby (on eBay) the daily sales are going down. You’d think it would be the opposite, even if prices remained the same across the board, if the hobby was still booming.

3 factors off of the top of my head that aren't helping daily sales.

1. We're coming into the holiday season (where people tend to spend money on others).

2. Baseball/basketball are in offseason.

3. Stimulus money (for those who used it on cards) is long gone.

[DajuanWagner]

Originally Posted by solt0131

Here we are a month away from the season and I am not seeing as many doom and gloom posts about basketball cards. 10 seconds after the Finals were over, we heard about LeBron values are going down, Luka was way overpriced and this is the end of high basketball values as we know it. This past summer was a once in a lifetime chance to sell.....

Not seeing those posts as much anymore now. I actually feel more hype going into this season than last season because now every team will be playing. In my estimation, we could see values go higher on hyped up players more so than we did over the summer.

With this "dark winter" ahead of us this hobby is going to be all about one thing: basketball cards.

"Doom and gloom" was fake news. "I found an MJ Star rookie in my glove box" is fake news. "The bubble has burst" is fake news. "Card prices are going down" is fake news. Basically, 2020 has proven that the basketball card market is alive and well.

[ClipsandVols]

Originally Posted by DajuanWagner

"Doom and gloom" was fake news. "I found an MJ Star rookie in my glove box" is fake news. "The bubble has burst" is fake news. "Card prices are going down" is fake news. Basically, 2020 has proven that the Clippers are truly beloved.

Fixed it for ya.

[drobfan8]

Yeah cards are always down this time of year. Same as shares usually.

It's almost like people spend their money on something else. Like Christmas.

Cards will bounce back when the hype really gets in to gear.

A "Zion has lost 10 pounds of fat" news headline or "Luka wants to finish top of the West" should send things wilder than before.

I just hope we don't get another weakened season.

[DajuanWagner]

Originally Posted by ClipsandVols

Fixed it for ya.

I appreciate that. Haven't had my morning joe yet and things are still a little foggy.....

[phdbeckett]

Take kobe out of the graph and it would be an interesting take. 8/24 and a few days later because everyone was selling Kobe during those days(in celebration?). It might be statistically significant, might not.

[DajuanWagner]

Originally Posted by phdbeckett

Take kobe out of the graph and it would be an interesting take. 8/24 and a few days later because everyone was selling Kobe during those days(in celebration?). It might be statistically significant, might not.

Good call, Doc. I forgot about Kobe......

[GeechQuest]

Originally Posted by ClipsandVols

3 factors off of the top of my head that aren't helping daily sales.

1. We're coming into the holiday season (where people tend to spend money on others).

2. Baseball/basketball are in offseason.

3. Stimulus money (for those who used it on cards) is long gone.

That’s fair. Always tons of different factors in either direction.

[MyckKabongo]

I'm seeing a slight uptick for Trae but that's about it. Hardly close to the wild days of summer. A month before the season is when you do tend to see a wave of speculation on yung playaz so I would expect momentum to accelerate. IIRC, the Optic Uptick of 2019 got going a few weeks before the season.

First month of the season is always crazy.

[kobebeast2020]

Everything is down except Bitcoin lol

[RandysHobby]

Originally Posted by kobebeast2020

Everything is down except Bitcoin lol

Stock market is on fire.

[Supercomputers]

Cards about to make there next run in my opnion. NBA almost a month out. With the Draft, Free agents ect. Being international the hype train is real and exciting. NFL going strong getting into the juicy part of the season everyone Watching Brady, Mahomes and all the new Young QB's. MLB starts getting hot come Dec with Bowman Draft and Spring training thoughts. New excitement of Soccer and other sports has a lot of eyes on this hobby. Fun times ahead for sure. Nothing goes straight up and it was nice to see the pull back in Aug for the next run.

[ThoseBackPages]

is it over johnny?

[bmf]

Originally Posted by DajuanWagner

"Doom and gloom" was fake news. "I found an MJ Star rookie in my glove box" is fake news. "The bubble has burst" is fake news. "Card prices are going down" is fake news. Basically, 2020 has proven that the basketball card market is alive and well.

very well said. anyone who doesn't see this obvious truth is just wanting to believe something that's not there.

[DajuanWagner]

Originally Posted by ThoseBackPages

is it over johnny?

It's never over 'til it's over and, guess what? It's never over!!!!!!

[sebreg]

I figure there will be corrections, but unless there are some black swan surprises I suspect new floors have been set on a lot of stuff.

[DajuanWagner]

Originally Posted by ThoseBackPages

is it over johnny?

Originally Posted by bmf

very well said. anyone who doesn't see this obvious truth is just wanting to believe something that's not there.

Looks like we have an unbeliever.......

[Akphillips86]

It’s an odd offseason, but to be honest prices never dipped that much considering there was an astronomical increase during the bubble and the natural offseason decrease set in as teams were eliminated from the bubble.

Some money is definitely going to be returning along with the season. The market is subject to human nature where “out of sight out of mind” is a very big factor. People like to watch their investments.

I’m seeing a lot more action in the past week with all of the trades and rumors swirling around. Especially on players with room for growth in the upcoming season. Speculation is starting to intensify. After the draft, I only expect this to increase.

Are we going to see a second spike like the initial COVID boom? I think that’s highly unlikely, but don’t forget that there are a LOT more players in the game now.


Sent from my iPhone using Tapatalk

[DajuanWagner]

Originally Posted by Akphillips86

It’s an odd offseason, but to be honest prices never dipped that much considering there was an astronomical increase during the bubble and the natural offseason decrease set in as teams were eliminated from the bubble.

Some money is definitely going to be returning along with the season. The market is subject to human nature where “out of sight out of mind” is a very big factor. People like to watch their investments.

I’m seeing a lot more action in the past week with all of the trades and rumors swirling around. Especially on players with room for growth in the upcoming season. Speculation is starting to intensify. After the draft, I only expect this to increase.

Are we going to see a second spike like the initial COVID boom? I think that’s highly unlikely, but don’t forget that there are a LOT more players in the game now.


Sent from my iPhone using Tapatalk

Covid and boom in the same sentence. I just can't wrap my head around that. I was expecting Covid and doom and gloom in the same sentence, but not Covid and boom. What a world..........

[Akphillips86]

Originally Posted by DajuanWagner

Covid and boom in the same sentence. I just can't wrap my head around that. I was expecting Covid and doom and gloom in the same sentence, but not Covid and boom. What a world..........

Haha I agree. Regardless of numerous explanations and factors already noted on here, the card market insanity during COVID still boggles the mind.


Sent from my iPhone using Tapatalk

[Cubalard]

I am seeing a lot of Global interest in basketball cards. Especially coming from Australia. May not be the big spike we are all hoping for but we will see a steady incline once the season begins and during the season especially Luka cards and other European players as well.

[jerrygarcia]

Originally Posted by Akphillips86

It’s an odd offseason, but to be honest prices never dipped that much considering there was an astronomical increase during the bubble and the natural offseason decrease set in as teams were eliminated from the bubble.

Some money is definitely going to be returning along with the season. The market is subject to human nature where “out of sight out of mind” is a very big factor. People like to watch their investments.

I’m seeing a lot more action in the past week with all of the trades and rumors swirling around. Especially on players with room for growth in the upcoming season. Speculation is starting to intensify. After the draft, I only expect this to increase.

Are we going to see a second spike like the initial COVID boom? I think that’s highly unlikely, but don’t forget that there are a LOT more players in the game now.


Sent from my iPhone using Tapatalk

Agree on interest spiking over the last week.
There was a bit of a price decrease during the offseason, but it was about 3-4 weeks max.

Another thing that may be driving prices is Football cards receding. I don't pay too much attention to the market, but Mahomes mid-end and lower seem to be declining.
Lamar & Deshaun not playing great will see $ rotate out of them.

[gomiamigo]

Prices have gone down the last two months, pretending otherwise is silly. I made my post about prices have probably peaked and when I think the bubble will burst pretty recently.